Qatar Used Car Market (2023-2029) | Size, Growth, Outlook, Industry, Value, Revenue, Trends, Forecast, Share, Companies, COVID-19 IMPACT & Analysis

Qatar Used Car Market Highlights

Report Name	Qatar Used Car Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	7.45%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Vehicle Type, By Vendor, By Fuel Type
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in Qatar Used Car Market

Qatar Used Car Market Report thoroughly covers the market by vehicle, vendor, and fuel type. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Qatar Used Car Market Synopsis

Qatar Used Car Market is anticipated to grow in the forecast period on account of the increasing population and frequent job relocations. The availability of a wide range of used car models, including luxury and premium brands has led to the expansion of the market.

According to 6Wresearch, Qatar Used Car Market size is valued at USD 579.67 million, and it is estimated to reach USD 837.85 million, projecting a CAGR of 7.45% during the forecast period. One of the primary drivers of the used car market is the cost savings that consumers can enjoy compared to purchasing new cars. Sometimes, certain car models or brands may not be readily available as new vehicles, leading buyers to explore the used car market. Qatar has a significant expatriate population, and used cars often present a more affordable option for temporary residents or those with short-term work assignments. There are certain challenges in the market that hinder the Qatar Used Car Market Growth. Ensuring the quality and reliability of used cars can be challenging for both buyers and sellers. Used cars experience depreciation, which can affect their resale value and market demand. The absence of comprehensive vehicle history reports or limited disclosure about the car`s past may make buyers hesitant to invest in used cars.

Covid-19 Impact on the Qatar Used Car Market

The COVID-19 pandemic had a profound impact on various industries, including automotive. It`s likely that the used car market in Qatar also experienced fluctuations in demand and supply during the pandemic. Factors such as lockdowns, economic downturns, and travel restrictions could have influenced car sales and prices.  As the pandemic escalated, there was a noticeable shift in consumer behaviour. Many individuals and families turned to used cars as a safer and more affordable alternative to public transportation, emphasizing the importance of personal health and hygiene in a pandemic. Online platforms and contactless transactions gained prominence, facilitating the buying and selling of used cars.  The success of the market during the pandemic can be attributed to the fact that market is a vital part of the Middle East Used Car Market

Qatar Used Car Market: key players

These are the major players in the Used Car Market In Qatar which provides affordable options to the buyers

• Autocraft Trading LLC
• Al Fardan Automobiles
• Al Mana Motors Company
• Al Muftah Rent a Car
• Saleh Al Hamad Al Mana Co.
• Doha Car Market
• Qatar Automax WLL
• Al Sarraj Used Cars
• Al Wakra Used Cars
• Doha Cars Trading Company

 Market By Vehicle

Based on vehicle, the Qatar Used Car industry is divided into. Hatchbacks, Sedan, Sports Utility Vehicle, Others. Sports Utility Vehicle is expected to have a major share in the market due to its versatility, adaptability, and spacious interiors.

Market By Vendor

According to Dhaval, Research Manager, 6Wresearch. Based on vendor, the market is segmented into organized and unorganized. The "Organised" vendor segment is gaining traction in the market due to authorized dealerships and it offers trust and reliability to the buyers.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Qatar Used Car Market Outlook
• Market Size of Qatar Used Car Market, 2022
• Forecast of Qatar Used Car Market, 2029
• Historical Data and Forecast of Qatar Used Car Revenues & Volume for the Period 2019-2029
• Qatar Used Car Market Trend Evolution
• Qatar Used Car Market Drivers and Challenges
• Qatar Used Car Price Trends
• Qatar Used Car Porter's Five Forces
• Qatar Used Car Industry Life Cycle
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Vehicle Type for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Hatchbacks for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Sedan for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Sports Utility Vehicle for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Others for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Vendor for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Organized for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Unorganized for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Fuel Type for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Gasoline for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Diesel for the Period 2019-2029
• Historical Data and Forecast of Qatar Used Car Market Revenues & Volume By Alternative Fuel Vehicles for the Period 2019-2029
• Qatar Used Car Import Export Trade Statistics
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Vendor
• Market Opportunity Assessment By Fuel Type
• Qatar Used Car Top Companies Market Share
• Qatar Used Car Competitive Benchmarking By Technical and Operational Parameters
• Qatar Used Car Company Profiles
• Qatar Used Car Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Vehicle

• Hatchbacks
• Sedan
• Sports Utility Vehicle
• Others

By Vendor

• Organised
• Unorganised

By Fuel Type

• Gasoline
• Diesel
• Alternative Fuel Vehicles